Jim Rickards: I’ve repeatedly advised you shouldn’t reference 2008, 2000, 1998, 1994 or 1982 if you want to understand what’s going on. You need to go back at least to 1929.

I've repeatedly advised you shouldn't reference 2008, 2000, 1998, 1994 or 1982 if you want to understand what's going on. You need to go back at least to 1929. The Bank of England just said 1706 is a better frame of reference. I have to agree. pic.twitter.com/DQE2gScywy

— Jim Rickards (@JamesGRickards) May 8, 2020

https://twitter.com/russian_market/status/1258791467067363330

"In 2000 the net leverage of a BBB bond was, on average, 1.7x…By 2017 the average leverage was 2.9x. That means ratings agencies have seen fit to assign the same rating to a bond with 70% higher leverage than allowed just 17 years ago." https://t.co/e45YqeXjqi pic.twitter.com/uOWQO3ToCb

— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) May 8, 2020

https://twitter.com/Hipster_Trader/status/1258794666448891904